Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

Steve Mandel’s Lone Pine Capital revealed in a new filing with the Securities and Exchange Commission, that it has upped its holding in Wyndham Worldwide Corporation (NYSE:WYN) to 6.77 million shares from 5.71 million shares held earlier. The current holding represents 5.2% of the common stock of Wyndham Worldwide.

Wyndham Hotel Group, a division of the Wyndham Worldwide (NYSE:WYN) family of companies, is the largest hotel company in the world with approximately 7,440 hotels across 68 countries. Recently, Wyndham Worldwide Corporation (NYSE:WYN) celebrated its achievement of crossing the 100 mark of the number of hotels in Germany, after opening eight new hotels, which brings the number to a total of 103 hotels in Germany.

On average, the analysts gave the stock the“Overweight” rating, with the target price being set at $78.8. With current trade price of $73.60, the stock has further room for growth to the target.

Among other investors, Iridian Asset Management, led by David Cohen and Harold Levy, holds 5.77 million shares of Wyndham Worldwide Corporation (NYSE:WYN), worth $351.96 million. Christopher Medlock James’ Partner Fund Management, also has a long position which amasses some 2.89 million shares, with a value of $176.04 million. Blue Ridge Capital, managed by John Griffin, held almost 2.83 million shares at the end of September, with a value of $172.55 million.

Steve Mandel is a “bottom-up” investor and has great stock picking abilities. The fund has earlier, increased its position in The Gap Inc. (NYSE:GPS) to around 25.1 million shares, from 19.2 million shares. It also purchased the shares of Pandora Media Inc (NYSE:P), and holds a stake of 5.3% in the company. The fund has invested 4.45% of its equity portfolio in Dollar General Corp. (NYSE:DG) and currently owns in aggregate around 17.68 million shares.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.

Subscribe me to Insider Monkey's Free Daily Newsletter

This is a FREE report from Insider Monkey. Credit Card is NOT required.

We may use your email to send marketing emails about our services. Click here to read our privacy policy.